By Richard Skidmore
Financial Support Specialist, TBC
It is quite possible that beginning this past January your pastor or other church staff member began being taxed on their health insurance premium.
It will be the church’s responsibility to report the amount of the premium as taxable income as part of the salary paid to this person.
How can the Affordable Care Act that had as its centerpiece making health insurance more accessible and more affordable have this result? That is a question that seems hard to fathom but it’s a reality churches and ministers must face. [Read more…]